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there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new, you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a correct observation, but it is n observation that is not unique to this particular time frame. you mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. if you go back to the 1950's, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. and then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50's, 14 million in manufacturing in 2007. but we were
there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new, you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutualunds beat their0-ar lipper average t. rowe price. invest with confidence. wh investment information, risks, fees and expenses to read and consider carefully before vesting. melissa: despite the hype, shoppers not gobbling up sales over the black friday weekend. the national retail federation reporting that shoppers spent an average of 4% less compar to last year. was all this hoopla over opening on thanksgiving and making employees show up for work not worth it? it's today's money talk, and our panel is all fired up. we have liz dunn, ari -- [inaudible] and dennis kneale. at do you think? we spent all that time talking about walmart, they're so cru, they're forcing their workers to come in and work on anksgiving, and then sales are down? dennis, what do you think? >> well, i think it was totally worth opening up on thanksgiving early. i think you look at the numbers, and the national retail federation says 45 million people shopped on thanksg
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutualunds beat their0-ar lipper average t. rowe price. invest with confidence. wh investment information, risks, fees and expenses to read and consider carefully before vesting. melissa: despite the hype, shoppers not gobbling up sales over the black friday weekend. the national retail federation reporting that shoppers spent an average of 4% less compar to last year. was all this...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: looking for a job? many people think the holidays are a dead zone for job opportunities. well, think again. while you might be sitting on the sidelines, my next guest says it could actually be one of the best times of year to send out your resumÉ. with me now is tom gimble. why is this a good time of year? it really goes against everything that is logical to me. >> well, mostly glad to be with you. the fact of the matter is sometimes you've got to turn the logical paradigm upside down and say if other people are taking time off, this is a time to jump right in and make something happen. and while some people may be taking time off over the holidays, there's other people that have to be there manning the shop, an
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: looking for a job? many people think the holidays are a dead zone for job opportunities. well, think again. while you might be sitting on the...
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rowe price, we understand the connections of a complex, global economy. it's just one reaso er 70% of our mutuafunds beat their 10-yr lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: it is time for fun with spare change, this time it could add up to big bucks, did you know if your credit card has a price matching program, they will match lowest price of a product after you bought it, they you back at difference, some cases up to $ 500, a lot of people have it don't know it. john, with smart credit.com. so, how many credit cards offer this how do i get my money back in. >> you would be surprised how many. pretty much everyone with a mastercard or visa logo or discover or american express off are a price matching or price protection benefit that nobody knows about, i saw a survey less than 1% of card holders know they have this benefit. >> it sounds tedious, do i have to monster where ads are and ho
rowe price, we understand the connections of a complex, global economy. it's just one reaso er 70% of our mutuafunds beat their 10-yr lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: it is time for fun with spare change, this time it could add up to big bucks, did you know if your credit card has a price matching program, they will...
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but why i like it, it is basically a play on the rebound in american economy. as consumers begin to have more discretionary income they produce apparel for men and women in all levels of income. and they do it is basically over the last year they have been able to enter higher-margin businesses and the retail side versus their traditional wholesale based business. and management has a very strong track record of expanding margins of the last years and has been able to grow revenue at a double-digit clip for the last eight years as well. melissa: you guys have a unique perspective and to what is going on in the college campus. how does that impact your investment? is there anything you have seen around campus that you think is a good investment that the rest of us would be missing? >> you know, i think this kind of goes along with what we were talking about with a terrible technology. a revolutionary idea, but it is something that college kids probably would not accept or adopt very early, but the samsung's galaxy gear is a revolutionary technology. you can actu
but why i like it, it is basically a play on the rebound in american economy. as consumers begin to have more discretionary income they produce apparel for men and women in all levels of income. and they do it is basically over the last year they have been able to enter higher-margin businesses and the retail side versus their traditional wholesale based business. and management has a very strong track record of expanding margins of the last years and has been able to grow revenue at a...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. mm. mm-hmm. [ enne revs ] ♪ [ male announcer ] oh what fun it s to ride. get the mercedes-benz your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. i i'm careful investor. when you do what io, you think about risk. i don'like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum votility etfs. investments designed for a smoother ride.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from...
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you will find all kinds of workers in these fast-food places because the economy has been bad. the bottom line the district of columbia provide for a minimum wage. walmart opened tir doors. in fact we were surprised to learn starting wage at walmart is $9.25 per hour, even now. we had great impact. they were talking 8.25 per hour. we'll take it to $11.50 with indexing after 2016. we not heard any opposition from walmart. melissa: you were understanding that 23,000 people applied for 600 jobs at walmart that means that 2.6% of the people who applied, that is how many actually got a job there. there were plenty of people who want those jobs. they obviously don't think they're bad jobs. why do you feel like you have to so dramatically change the wage there if it looks like it is working just fine? >> it is not working fine. the bottom line is th600 people that will be working there will be receiving minimum wage. we brought costco into the district of columbia. air average hourly wait is $21. melissa: average associate wage at walmart is 12.87. >> that is the average wage. but i'v
you will find all kinds of workers in these fast-food places because the economy has been bad. the bottom line the district of columbia provide for a minimum wage. walmart opened tir doors. in fact we were surprised to learn starting wage at walmart is $9.25 per hour, even now. we had great impact. they were talking 8.25 per hour. we'll take it to $11.50 with indexing after 2016. we not heard any opposition from walmart. melissa: you were understanding that 23,000 people applied for 600 jobs at...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment infmation, risks, fees and expenses to read and consider refully before investing. with investment infmation, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help poweentire cities. so the turbines of today... will power us all... into the future. ♪ melissa: whether on wall street or main street, here is who made money, anyone that owns twitter. despite a scathing letter from berkshire hathaway hammering twitter, they led a mini-rally, closing up 5.6%, nice. cofounder evan williams owns 57 million shares of twitter. he made wait for it -- $132 million today. i would say that
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment infmation, risks, fees and expenses to read and consider refully before investing. with investment infmation, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. ♪ [ male announcer ] 1.21...
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makes no sense but the left also argues we have to have more handouts to buy stuff to help the who economy. >> as long as the of foresees their movies are watching tv or to buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said whatould you replace i with? to make you talk vaguely about revolution what is it? >> the egalitarian system with the heavy taxation of corporations and massive responsibility for the energy company to exploit the environment. >> they get a little tiny bit of knowledge did it become so watered down socialist dribble and he is the attention horror like the paris hilton of film. john: he once a socialist egalitarian system. >> appeals to people when they are very young and idealistic and passionate and insane which is you are supposed to be but then we grow up and pay taxes. he is not relevant in entertainment so he has to say these things to get injur
makes no sense but the left also argues we have to have more handouts to buy stuff to help the who economy. >> as long as the of foresees their movies are watching tv or to buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said whatould you replace i with? to make you talk...
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melissa: out you balance this economy? >> a closed mouth does not get fed. melissa: how do you balance this? any this promotion, this raised why will be looking elsewhere. how do you balance giving them a fair warning because you want to give them the opportunity to give you what you need to advance verses making demands where they're like me know what, i have somebody else. i'm sorry. they call your bluff. a lot of people in that situation. >> it is a tough situation, and you have to add value. you want to make yourself in valuab to the boss. >> i nd this by the state. >> i don't think you say i needed by the state. you make it known and lay the groundwork this is what i am willing to do, whatever needs to be done. >> it is a matter of last resort get to the process of proving that you are worthwhile to the boss home throughout the month. again and again you are ignored and passed over, then you put the ultimatum in. >> and you have to be ready to walk. >> you have to be ready. melissa: we will have to do this again. up next, the first installment of testee
melissa: out you balance this economy? >> a closed mouth does not get fed. melissa: how do you balance this? any this promotion, this raised why will be looking elsewhere. how do you balance giving them a fair warning because you want to give them the opportunity to give you what you need to advance verses making demands where they're like me know what, i have somebody else. i'm sorry. they call your bluff. a lot of people in that situation. >> it is a tough situation, and you have...